President's Budget | OMB | The White House

The Nugget

President Biden's budget for Fiscal Year 2025 focuses on lowering costs for families, strengthening Social Security and Medicare, and reducing the deficit by making corporations and the wealthy contribute more, and eliminating wasteful spending.

Key quotes

"The Budget will lower costs for families, protect and strengthen Social Security and Medicare, and reduce the deficit."
"The President’s Budget for Fiscal Year 2025 Update on the Administration’s Economic Assumptions."
"The President’s Budget cuts the deficit by $3 Trillion over 10 years."
"The President’s Budget cuts wasteful spending on Big Pharma, Big Oil, and other special interests."
"The President’s Budget creates good-paying clean jobs, cuts energy costs, and delivers on the President’s ambitious climate agenda."

The budget aims to ensure the middle class has a fair shot without leaving anyone behind.
It plans to cut taxes for working families while ensuring that large corporations and the wealthy pay their fair share.
The budget specifically targets wasteful spending areas like Big Pharma and Big Oil, aiming for a more efficient use of resources.

It seeks to reduce the national deficit by $3 trillion over 10 years through strategic financial planning.
The budget prioritizes protecting and bolstering Social Security and Medicare as key pillars of American social security.
Significant focus is placed on creating opportunities and advancing equity across American society.

The budget includes measures to combat crime and enhance national security while ensuring Americans are safe at home.
Focuses on cutting housing costs, boosting supply, and expanding access to affordable housing as part of its broader economic strategy.
Aims at protecting and increasing access to quality, affordable healthcare for all Americans.

Establishes commitments to creating good-paying clean jobs, reducing energy costs, and aggressively tackling the climate crisis.
It highlights securing the U.S. border, combating fentanyl trafficking, and urging critical immigration reform as security priorities.
The budget confronts global challenges and defends democracy, emphasizing the importance of U.S. leadership on the world stage.

💡 Budget Focus: Lower costs, strong Social Security & Medicare, reduced deficit.
💰 Economic Strategy: Wealthy & corporations pay more, cut wasteful spending.
🌎 Climate Commitment: Good-paying clean jobs, cut energy costs, tackle climate crisis.
🏠 Social Equity: More affordable housing, quality healthcare, reduce national deficit.

This summary contains AI-generated information and may have important inaccuracies or omissions.